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Ltd., an affiliate of Cos. in Clifton closed on the $1.3 million purchase on June 3. Cass Hill intendsw to convert theformer 1.3-acre industrial site at 39-49 Sheridanj Ave. into an office/retail/residential project. The property is locate d behindthe & Suites on Chapel Street, near the heart of the city’ s entertainment district. Tony Sabatino of represented the Cass Hill was represented by Eileen Lindbergof /Albany. Marc H. president of Cass Hill Development Cos.
, couldn’t be reached for Cass Hill owns severalproperties downtown, including a 30,000-square-foot office building on Monroe Streef across from the former printing Boyd Printing filed for Chapter 11 bankruptcy protection in September 2005. A federao bankruptcy judge in March 2008 approved the sale of the buildings to help satisfythe company’ s debts. Some of the company’s assets were purchaserd by Carl Johnson, an officer at Boyd Printing, who openefd a separate corporation, Inc., in Previous deals for the Sheridan Avenue property fizzlexd before Cass Hill signed a purchas contractlast year.
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